The assets -- which range from real estate to computer hardware -- have been confiscated in accordance with February's presidential decree regarding debts to government organizations.
An agreement signed between the tax police and the city's Property Fund gives the latter the authority to organize the auctions.
The Property Fund is currently drawing up a four-sided regulations agreement.
The property will be assessed by a special commission consisting of representatives from the tax police, the Property Fund and the organization owning the property.
The prices will be set by the independent experts.
In the event of a dispute, the commission may call upon experts from the city administration's property, land, trade and food committees or from the Chamber of Commerce and Industry. (SPP)